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S&P Global Natural Resources SPDR (GNR) Showing Bearish Technicals With Support At $47.34

Nov 09, 2017 ( via COMTEX) --'s patented trade-picking algorithms have identified an attractive covered-call trade on S&P Global Natural Resources SPDR (<a href="">GNR</a>). Look at the Jun 15, 2018 $47 covered call for a net debit in the $45.89 area.<br /> <br /> This trade has a duration of 218 days. The break-even point of this trade is the same as the net debit, which gives this trade 3.57% downside protection. If the stock closes at or above $47 at expiration this trade will return 2.39% or 4.01% (for comparison purposes only). <br /> <br /> GNR closed Nov 8, 2017's trading session at $47.59. In the past year, the stock has hit a 52-week low of $39.16 and 52-week high of $47.84. S&P Global Natural Resources SPDR stock has been showing support around $47.34 and resistance in the $47.82 range. Recent technical indicators for the stock are bearish.

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